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Google’s Willow Chip: Quantum Leap In Computing Power That Defies Time Itself

by THEFUTURE.TEAM
December 11, 2024

A Breakthrough in Quantum Computing

Google has introduced “Willow,” a revolutionary quantum chip capable of solving problems so complex that even modern supercomputers would require an astronomical 10 septillion years to complete them. In stark contrast, Willow accomplishes these tasks in just five minutes, marking a monumental leap in the race to develop functional, large-scale quantum computers.

How Willow Works

The power of Willow lies in its ability to harness quantum mechanics — the physics governing subatomic particles — to perform calculations at unprecedented speeds. Traditional supercomputers process information in binary bits (0s and 1s), but Willow employs qubits, which can exist in multiple states simultaneously. This capability allows quantum computers to solve complex problems exponentially faster than classical devices.

One of Willow’s most significant advancements is its capacity to reduce quantum errors — a persistent challenge in quantum computing. Google achieved this by increasing the number of qubits, enabling more precise and stable computations. This breakthrough addresses an issue researchers have been working on for nearly 30 years. Google calls it a major milestone on its journey toward building a “large-scale useful quantum computer” that could transform industries like healthcare, logistics, and cybersecurity.

What It Means for the Future

Quantum computing is seen as a double-edged sword. On the one hand, it holds the promise of faster drug discovery, optimization of supply chains, and advances in AI. On the other, it raises concerns about the potential to crack existing encryption methods, posing a threat to global cybersecurity. Tech giants like Apple have already responded by upgrading their encryption to be “quantum-proof,” ensuring that sensitive data remains secure even as quantum technology advances.

For now, Willow remains a prototype, not yet ready to tackle real-world applications. Experts predict it will take years — and billions in investment — before quantum computers reach the scale needed to address practical problems. But for Google, the unveiling of Willow represents a crucial step forward. As Google Quantum AI stated, “Willow takes us significantly further along that path toward commercially significant applications.”

With quantum computing now moving from theory to tangible progress, Willow’s debut could be a defining moment in the evolution of technology, one that challenges the very concept of time in problem-solving.

EU E-Commerce VAT Systems Generate €257.9 Million Revenue for Cyprus in 2024

by THEFUTURE.TEAM
August 11, 2025

Robust Revenue Growth Through Streamlined VAT Collection

Cyprus has demonstrated a significant fiscal boost in 2024 with €257.9 million generated from the European Union’s e-commerce VAT systems, according to Tax Commissioner Sotiris Markides. This impressive performance underscores the effectiveness of the One Stop Shop (OSS) and Import One Stop Shop (IOSS) frameworks in simplifying cross-border tax compliance.

Simplified Procedures for EU and Non-EU Businesses

The OSS system allows Cyprus-registered businesses to streamline VAT declaration and payment on sales to consumers in other EU countries. Companies simply register on the local OSS platform, apply the consumer’s VAT rate, aggregate their submissions quarterly or monthly, and remit a single consolidated payment. Subsequently, Cyprus allocates the appropriate share to each respective EU country. This efficient process extends to non-EU sellers as well, who can have their intra-EU distance sales managed under the Union Scheme.

Breakdown of VAT Revenue Streams

Last year’s declarations under the various schemes illustrate the system’s broad reach: €217.9 million was collected via the Union Scheme, €36.9 million through the Non-Union Scheme, and €3.1 million via the Import Scheme. While the Union Scheme caters to both EU and non-EU sellers engaging in distance sales, the Non-Union Scheme specifically accommodates non-EU firms delivering services to EU consumers. Furthermore, the Import Scheme targets goods valued at less than €150 that are imported from outside the EU.

Implications and Broader Impact

Implemented in July 2021 as an evolution from the more limited MOSS system, these reforms have not only consolidated tax collection through an expansive OSS but also integrated the IOSS for low-value imports. By designating certain online marketplaces as “deemed suppliers,” the new framework ensures that VAT collection is both efficient and equitable. Across the EU, these mechanisms have generated over €33 billion in VAT revenues in 2024, reflecting a successful effort to simplify tax compliance, reduce administrative burdens, and promote fair taxation across the bloc.

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